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Author's note: This article was released to members on June 1, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as...
Written by Nick Ackerman, co-produced by Stanford Chemist There is no doubt, this has been a wild year. The COVID-19 panic had induced quite a volatile market heading into March. This was after such a strong start to a year with the broader markets hitting all-time highs on February 19th...
With interest rates near historic lows and energy equities also depressed after oil's rout, financial advisors and investors looking for income and value may be taking a fresh look at the MLP and energy infrastructure space. While the potential for generous, tax-advantaged income from MLPs is ...
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of May 31, 2020. As of May 31, 2020, the Fund’s net assets were $300.4 million, and its net asset value...
After historic one-day declines of 24.6% for West Texas Intermediate ((WTI)) crude and 27.7% for the Alerian MLP Infrastructure Index (AMZI) on March 9 following the beginning of a price war between Saudi Arabia and Russia, the correlation between oil prices and energy infrastructure has com...
Clarion Partners Real Estate Income Fund Inc. Class S Shares (CPRSX), Class T Shares (CPRTX), Class D Shares (CPRDX) and Class I Shares (CPREX), ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO), ClearBridge MLP and Mids...
The May MLP Monthly Report can be found here offering insights on MLP industry news, the asset class's performance, yields, valuations, and fundamental drivers. Summary News: 1) Certain midstream companies were forced to cut distributions this quarter due to the challenging macro env...
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month of May 2020. The following dates apply to the distribution schedule below: The distribution information for all three Funds are as followed: The dist...
With oil's collapse, a lot of investor attention has been given to the financial health of midstream's customers that produce oil and gas. However, several midstream MLPs have refiner customers and/or refiner parents as shown in the table below. Notably, refiners have distinct profitability dr...
Amid recent volatility, one looming question for midstream has been whether the space will be able to efficiently tap debt markets to address impending debt maturities and ensure ample liquidity to finance corporate activities. For context, an analysis from March showed that eleven MLPs in the...
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2024-07-10 10:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of June 30, 2024. As of June 30, 2024, the Fund’s net assets were $381.0 million, and its net asset value p...
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) (the “Fund”) announced today the final results for its issuer tender offer for up to 50% of the outstanding shares of common stock (“Shares”) of the Fund (the “Tender Offer”). The Tender Offer expired on...